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Canadian Natural Resources (CNQ) Stock Forecast & Price Target

Canadian Natural Resources logo
$44.68 -0.95 (-2.07%)
Closing price 03:59 PM Eastern
Extended Trading
$45.12 +0.44 (+0.98%)
As of 07:59 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Canadian Natural Resources - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy
Based on 12 Analyst Ratings
Sell
0
Hold
4
Buy
8

Based on 12 Wall Street analysts who have issued ratings for Canadian Natural Resources in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 4 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for CNQ.

Consensus Price Target

$57.00
27.56% Upside
According to the 12 analysts' twelve-month price targets for Canadian Natural Resources, the average price target is $57.00. The highest price target for CNQ is $65.00, while the lowest price target for CNQ is $49.00. The average price target represents a forecasted upside of 27.56% from the current price of $44.69.
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
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CNQ Analyst Ratings Over Time

TypeCurrent Forecast
5/7/25 to 5/7/26		1 Month Ago
4/7/25 to 4/7/26		3 Months Ago
2/6/25 to 2/6/26		1 Year Ago
5/7/24 to 5/7/25
Strong Buy
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
6 Buy rating(s)
5 Buy rating(s)
4 Buy rating(s)
Hold
4 Hold rating(s)
6 Hold rating(s)
7 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$57.00$57.00$48.50$63.00
Forecasted Upside27.56% Upside16.07% Upside24.10% Upside118.97% Upside
Consensus RatingModerate BuyModerate BuyHoldModerate Buy

CNQ Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CNQ Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Canadian Natural Resources Stock vs. The Competition

TypeCanadian Natural ResourcesEnergy CompaniesS&P 500
Consensus Rating Score
2.67
2.41
2.52
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside28.71% Upside37.74% Upside14.47% Upside
News Sentiment Rating
Positive News

See Recent CNQ News
Positive News
Positive News
Export
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside		Details
5/7/2026
Raymond James Financial, Inc. logo
Raymond James Financial
3 of 5 stars
 UpgradeMarket Perform ➝ Outperform
5/5/2026
Zacks Research logo
Zacks Research
Not Rated
 UpgradeHold ➝ Strong-Buy
3/27/2026
Weiss Ratings logo
Weiss Ratings
Not Rated
 UpgradeHold (C+) ➝ Buy (B)
3/12/2026
The Goldman Sachs Group, Inc. logo
The Goldman Sachs Group
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Neil Mehta
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Boost TargetBuy$37.00 ➝ $49.00+0.96%
3/6/2026
Royal Bank Of Canada logo
Royal Bank Of Canada
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Greg Pardy
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Boost TargetOutperform$61.00 ➝ $65.00+42.70%
3/5/2026
ATB Cormark Capital Markets logo
ATB Cormark Capital Markets
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 DowngradeStrong-Buy ➝ Moderate Buy
1/6/2026
Evercore Inc logo
Evercore
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 DowngradeOutperform ➝ In-Line
11/24/2025
Desjardins logo
Desjardins
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 DowngradeBuy ➝ Hold
10/16/2025
Wells Fargo & Company logo
Wells Fargo & Company
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 UpgradeHold
10/9/2025
Scotiabank logo
Scotiabank
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 Reiterated RatingOutperform
9/30/2025
TD Securities logo
TD Securities
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 Reiterated RatingBuy
7/17/2025
National Bank Financial logo
National Bank Financial
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 Reiterated RatingSector Perform
2/10/2025
Tudor Pickering logo
Tudor Pickering
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J. Lambujon
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DowngradeStrong-Buy ➝ Hold
7/18/2024
Wolfe Research logo
Wolfe Research
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Doug Leggate
Doug Leggate
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Initiated CoveragePeer Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 12:09 AM ET.


Should I Buy Canadian Natural Resources Stock? CNQ Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, May 3, 2026. Please send any questions or comments about these Canadian Natural Resources pros and cons to contact@marketbeat.com.

Canadian Natural Resources
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Canadian Natural Resources Limited:

  • The current stock price is around $43, which may present a buying opportunity for investors looking for value in the energy sector.
  • Recent upgrades from multiple analysts, including a shift from a "strong sell" to a "hold" rating, indicate growing confidence in the company's performance.
  • The company has a solid dividend yield of approximately 5.8%, which can provide a steady income stream for investors.
  • Canadian Natural Resources Limited reported strong quarterly earnings, exceeding expectations with a net margin of 24.48%, showcasing effective cost management and profitability.
  • With a market capitalization of around $90 billion, the company is well-established, providing stability and potential for growth in the oil and gas sector.

Canadian Natural Resources
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Canadian Natural Resources Limited for these reasons:

  • Despite recent positive ratings, the stock has experienced volatility, with a fifty-two week low of $27.93, indicating potential risks in price stability.
  • The company reported a decrease in earnings per share compared to the same quarter last year, which may raise concerns about future profitability.
  • Analysts have mixed ratings, with an equal number of "buy" and "hold" recommendations, suggesting uncertainty in the stock's future performance.
  • The debt-to-equity ratio of 0.36, while manageable, indicates that the company does carry some debt, which could impact financial flexibility in adverse market conditions.
  • Market conditions for oil and gas can be unpredictable, influenced by global supply and demand dynamics, which may affect the company's revenue and stock performance.

CNQ Forecast - Frequently Asked Questions

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Canadian Natural Resources is $57.00, with a high forecast of $65.00 and a low forecast of $49.00.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last twelve months. There are currently 4 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CNQ shares.

According to analysts, Canadian Natural Resources's stock has a predicted upside of 27.56% based on their 12-month stock forecasts.

Over the previous 90 days, Canadian Natural Resources's stock had 4 upgrades and 3 downgrades by analysts.

Canadian Natural Resources has been rated by research analysts at ATB Cormark Capital Markets, Raymond James Financial, Royal Bank Of Canada, The Goldman Sachs Group, Weiss Ratings, and Zacks Research in the past 90 days.

Analysts like Canadian Natural Resources more than other "energy" companies. The consensus rating for Canadian Natural Resources is Moderate Buy while the average consensus rating for "energy" companies is Hold. Learn more on how CNQ compares to other companies.

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This page (NYSE:CNQ) was last updated on 5/7/2026 by MarketBeat.com Staff.
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